Bonds and notes issued under this subtitle are securities in which all public officers and public units of the State and its political subdivisions and all banks, trust companies, savings and loan associations, investment companies, and others carrying on a banking business, all insurance companies, insurance associations, and others carrying on an insurance business, all personal representatives, guardians, trustees, and other fiduciaries, and all other persons may legally and properly invest funds, including capital in their control or belonging to them. The bonds and notes are securities which may properly and legally be deposited with and received by any State or municipal officer or any unit or political subdivision of the State for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.
Structure Maryland Statutes
Title 3 - Environmental Programs
Subtitle 1 - Maryland Environmental Service
Section 3-102 - Legislative Intent; Purpose; Construction
Section 3-103 - Established; Organization
Section 3-103.2 - Exemption From State Personnel Management System
Section 3-103.3 - Conflict of Interest Policy for Board Members -- Copies Supplied
Section 3-104 - Powers Generally; Corporate Existence
Section 3-105 - Responsibilities and Activities; Limitation Upon Powers
Section 3-107 - Mandatory Agreement to Provide Requested Services
Section 3-109 - Projects to Be Provided Upon Direction of Secretary of the Environment
Section 3-111 - Duplicating or Using Projects Similar to Service Provided Projects
Section 3-112 - Authority to Issue Revenue Bonds and Determine Matters Relating Thereto
Section 3-113 - Provisions Applicable to All Bonds
Section 3-114 - Source of Payment of Bonds
Section 3-115 - Issuance of Refunding Bonds and Renewal Notes; Payment to Holders of Bonds and Notes
Section 3-117 - Trust Agreements; Disposition of Proceeds
Section 3-118 - Revenues -- in General
Section 3-119 - Revenues -- Trust Funds
Section 3-120 - Remedies of Bondholders and Trustees
Section 3-121 - Bonds and Notes Are Legal Investments
Section 3-123 - Service Exempt From Taxation; Bonds and Notes of Service Exempt From Taxation
Section 3-125 - Liens Created in Favor of Service or Municipality
Section 3-126 - Financial Affairs Generally
Section 3-127 - Rules and Regulations Generally
Section 3-128 - Arbitration; Scope of Authority of Public Service Commission